The Dow Jones Industrial Average surged more than 450 points Wednesday as the stock market notched its best day in nearly two months. The benchmark index and the Nasdaq composite each hit new highs, extending Wall Street’s milestone-setting run in recent weeks. Technology stocks, which have led the market’s rebound this year, gained strength into the afternoon after a brief stumble in the morning. The Dow Jones Industrial Average added 454.84 points, or 1.6 percent, at 29,100.50. The Nasdaq composite recovered from an early slide, adding 116.78 points, or 1 percent, to 12,056.44.-AP

Source: The Standard September 03, 2020 02:21 UTC